Reaves W H & Co. Inc. Increases Position in Talen Energy Corporation $TLN

Reaves W H & Co. Inc. raised its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 12.6% in the third quarter, Holdings Channel.com reports. The firm owned 1,410,537 shares of the utilities provider’s stock after buying an additional 158,047 shares during the period. Talen Energy comprises approximately 10.7% of Reaves W H & Co. Inc.’s investment portfolio, making the stock its biggest holding. Reaves W H & Co. Inc.’s holdings in Talen Energy were worth $600,014,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Atlantic Union Bankshares Corp bought a new position in shares of Talen Energy in the second quarter valued at approximately $27,000. MAI Capital Management raised its position in Talen Energy by 115.7% in the 2nd quarter. MAI Capital Management now owns 110 shares of the utilities provider’s stock valued at $32,000 after buying an additional 59 shares during the last quarter. Grove Bank & Trust purchased a new stake in Talen Energy in the 3rd quarter valued at $32,000. Golden State Wealth Management LLC lifted its stake in Talen Energy by 5,100.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 156 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 153 shares in the last quarter. Finally, Berbice Capital Management LLC purchased a new position in Talen Energy during the 2nd quarter worth $49,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Barclays increased their target price on shares of Talen Energy from $439.00 to $457.00 and gave the company an “overweight” rating in a report on Friday, January 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Talen Energy in a research report on Wednesday, January 21st. Morgan Stanley lifted their target price on shares of Talen Energy from $443.00 to $470.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Wells Fargo & Company boosted their target price on Talen Energy from $445.00 to $506.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Finally, JPMorgan Chase & Co. upped their target price on Talen Energy from $432.00 to $442.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $413.25.

Talen Energy Stock Up 2.5%

Talen Energy stock opened at $353.66 on Tuesday. The firm has a 50 day moving average price of $366.54 and a 200-day moving average price of $383.33. The company has a quick ratio of 1.72, a current ratio of 2.29 and a debt-to-equity ratio of 2.02. Talen Energy Corporation has a twelve month low of $158.08 and a twelve month high of $451.28. The company has a market capitalization of $16.16 billion, a P/E ratio of 76.55, a P/E/G ratio of 0.52 and a beta of 1.99.

Talen Energy Company Profile

Talen Energy Inc is an independent power producer that develops and operates a diversified portfolio of thermal and renewable generation facilities across the United States. The company supplies wholesale electricity and related services to utilities, large industrial customers, and power marketers, participating actively in regional markets such as PJM Interconnection and the Electric Reliability Council of Texas (ERCOT). Talen’s asset base comprises a mix of natural gas-fired, coal-fired and nuclear generation, supplemented by battery storage and other flexible resources designed to support the evolving needs of the grid.

Established in December 2015 through the combination of the competitive generation businesses previously held by two major utility groups, Talen Energy was structured as a standalone, publicly traded entity on the NASDAQ stock exchange (TLN).